
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What does a fixed fee accountancy service typically include?
A fixed fee accountancy service usually covers standard tasks such as preparing annual accounts, completing Self Assessment tax returns, and handling VAT submissions. The specific inclusions are agreed upfront in a service letter, ensuring no surprise charges. Additional services like payroll or tax planning may be offered at an extra cost, but the core package provides predictable pricing.
How do I know if an accountant is properly regulated?
You can verify an accountant's credentials by checking their membership with recognised professional bodies such as ACCA, ICAEW, or AAT. These organisations enforce strict ethical and technical standards. Firms listed in the directory are verified for their regulatory status, giving you confidence that your affairs will be handled by a qualified and supervised professional.
Can a fixed fee accountant help with HMRC enquiries?
Yes, most fixed fee accountants offer support during HMRC enquiries as part of their service or for an agreed additional fee. They can represent you, prepare necessary documentation, and liaise with HMRC on your behalf. Having a regulated professional manage this process reduces stress and ensures your response meets all legal requirements.
What is the difference between a fixed fee and an hourly rate?
A fixed fee provides a set price for a defined scope of work, allowing you to budget without worrying about time spent. An hourly rate charges for every hour worked, which can lead to unpredictable costs. Fixed fee arrangements are popular for routine compliance work, whilst hourly rates may apply for complex advisory projects.
Do I need a fixed fee accountant if I am a sole trader?
Sole traders often benefit from fixed fee accountants because the pricing is transparent and covers essential tasks like Self Assessment tax returns and bookkeeping. This arrangement helps you manage cash flow and ensures your tax obligations are met on time. Many firms in the directory specialise in supporting sole traders and freelancers.
How often should I meet with my fixed fee accountant?
The frequency of meetings depends on your business complexity and needs. Many clients meet quarterly to review financial performance and tax planning, whilst others prefer annual meetings around the year-end. Your accountant will recommend a schedule that keeps you compliant and informed, typically outlined in your initial service agreement.
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